ZJ PROSPECT<08273> - Results Announcement (Final, 2004, Summary)

Zhejiang Prospect Company Limited announced on 17th March 2005:
(stock code: 08273 )

Year end date                         :31st December, 2004
Currency                              :RMB
Auditors' report                      :Unqualified

Important Note :

This result announcement form only contains extracted information from
and should be read in conjunction with the detailed results announcement
of the issuer, which can be viewed on the GEM website at

                                             (Audited)       (Audited)
                                              Current Last Corresponding
                                               Period            Period
                                       from 01/01/2004   from 01/01/2003
                                         to 31/12/2004     to 31/12/2003
                                                 $'000             $'000

Turnover                              :         79,071            66,089
Profit/(Loss) from Operations         :         16,232            16,715
Finance cost                          :        (2,274)           (1,918)
Share of Profit/(Loss) of Associates  :            N/A               N/A
Share of Profit/(Loss) of Jointly
         Controlled Entites           :            N/A               N/A
Profit/(Loss) after Taxation & MI     :          8,964             9,180
% Change Over the Last Period         :          -2.35%
          Basic (in dollar)           :       RMB 0.12          RMB 0.17
          Diluted (in dollar)         :            N/A               N/A
Extraordinary (ETD) Gain/(Loss)       :            N/A               N/A
Profit (Loss) after ETD Items         :          8,964             9,180
Final Dividends per Share             :            NIL               NIL
(specify if with other options)       :            N/A               N/A
B/C Dates for Final Dividends         :            N/A
Payable Date                          :            N/A
B/C Dates for Annual General Meeting  :     18/04/2005 to 17/05/2005 bdi.
Other Distribution for Current Period :            NIL
B/C Dates for Other Distribution      :            N/A
                                       (bdi: both days inclusive)

For and on behalf of
Zhejiang Prospect Company Limited

Signature :
Name      : Kwok Pui Ching
Title     : Company Secretary

Responsibility statement

The directors of the Company (the "Directors") as at the date hereof
hereby collectively and individually accept full responsibility for the
accuracy of the information contained in this results announcement form
(the "Information") and confirm, having made all reasonable inquiries,
that to the best of their knowledge and belief the Information are
accurate and complete in all material respects and not misleading and
that there are no other matters the omission of which would make the
Information herein inaccurate or misleading.The Directors acknowledge
that the Stock Exchange has no responsibility whatsoever with regard to
the Information and undertake to indemnify the Exchange against all
liability incurred and all losses suffered by the Exchange in connection
with or relating to the Information.

1. Significant accounting policies
(a) Basis of preparation
This financial statements has been prepared in accordance with
generally accepted accounting principles in Hong Kong and comply
with all applicable Hong Kong Financial Reporting Standards
(which includes all applicable Statements of Standard Accounting
Practice and interpretations) issued by the Hong Kong Institute of
Certified Public Accountants ("HKICPA"), the disclosure requirements
of the Hong Kong Companies Ordiance and the applicable disclosure
provisions of the Rules Governing the Listing of Securities on the
Growth Enterprise Market. The financial statements are prepared
under the historical cost convention as modified by the revaluation
of certain property, plant and equipment.
The HKICPA has issued a number of new and revised Hong Kong Financial
Reporting Standards and Hong Kong Accounting Standards ("new HKFRSs")
which are effective for accounting periods beginning on or after 1st
January 2005.
The financial statements are prepared under the historical cost
The Company was established in the People's Republic of China
(the "PRC") as a limited liability company and became a joint
stock limited company on 9th August 2002. The Company's H
shares have been listed on the GEM of the Hong Kong Stock
Exchange since 18th February 2004. The financial statements
as set out below have been prepared on continuing basis.
2. Earning per share
The basic earnings per share for each of the two years ended 31st
December 2004 and 31st December 2003 are calculated based on net
profit after tax for the year of RMB 8,964,000 (2003: RMB 9,180,000)
and on the weighted average number of 73,583,607 shares (2003:
53,600,000 shares) in issue during the year.
No diluted earnings per share have been presented as the Company
did not have any dilutive potential shares for the years ended
31st December 2003 and 2004.